Global Automobiles Undervalued based on future growth

Mercedes-Benz Group

Market Cap: €48.4b

Operates as an automotive company in Europe, Germany, North America, the United States, Asia, China, and internationally.

Honda Motor

Market Cap: JP¥5.1t

Develops, manufactures, and distributes motorcycles, automobiles, and power products in Japan, North America, Europe, Asia, and internationally.

Great Wall Motor

Market Cap: HK$180.6b

Engages in the manufacture and sale of automobiles, and automotive parts and components in the People's Republic of China, Europe, ASEAN countries, Latin America, the Middle East, Australia, South Africa, and internationally.

Subaru

Market Cap: JP¥1.8t

Manufactures and sells automobiles and aerospace products in Japan, Rest of Asia, North America, Europe, and Internationally.

Isuzu Motors

Market Cap: JP¥1.6t

Manufactures and sells commercial vehicles, light commercial vehicles, and diesel engines and components worldwide.

Ford Otomotiv Sanayi

Market Cap: ₺385.3b

Engages in the manufacturing, assembly, production, import, and sale of motor vehicles and spare parts in Turkey and internationally.

Zhongce Rubber Group

Market Cap: CN¥41.9b

Engages in the research and development, production, and sale of tire products in China.

Sailun Group

Market Cap: CN¥41.8b

Engages in the research and development, manufacturing, and sale of tires and tire recycling products in China, Europe, the United States, Asia, Africa, and internationally.

Lear

Market Cap: US$5.9b

Designs, develops, engineers, manufactures, assembles, and supplies automotive seating, and electrical distribution systems and related components for automotive original equipment manufacturers in North America, Europe, Africa, Asia, and South America.

Ninebot

Market Cap: CN¥35.5b

Engages in the design, research and development, production, sale, and servicing of transportation and robot products worldwide.

Hankook Tire & Technology

Market Cap: ₩7.0t

Manufactures and sells tires in South Korea and internationally.

Tianneng Battery Group

Market Cap: CN¥30.8b

Researches, develops, produces, and sells electric special vehicle and new energy vehicle power batteries, automotive start-stop batteries, energy storage batteries, 3C batteries, backup batteries, and fuel cells in China and internationally.

Loncin Motor

Market Cap: CN¥29.7b

Manufactures and sells generating sets, agricultural machinery equipment, light-duty power units, and two-wheeled motorcycles in Japan and internationally.

Yadea Group Holdings

Market Cap: HK$33.2b

An investment holding company, engages in the development, manufacture, and sale of electric two-wheeled vehicles and related accessories under the Yadea brand in the People’s Republic of China.

AIMA Technology Group

Market Cap: CN¥24.5b

Engages in the research and development, production, and sale of electric bicycles, mopeds, and motorcycles in China and internationally.

Tofas Türk Otomobil Fabrikasi Anonim Sirketi

Market Cap: ₺155.1b

Engages in manufacturing, exporting, and selling passenger cars and light commercial vehicles in Turkey.

Sumitomo Rubber Industries

Market Cap: JP¥541.3b

Provides tires, sports, and industrial and other products in Japan and internationally.

JTEKT

Market Cap: JP¥531.6b

Manufactures and sells steering systems, driveline components, bearings, machine tools, electronic control devices, and home accessory equipment.

Beiqi Foton MotorLtd

Market Cap: CN¥22.3b

Engages in the manufacture and sale of commercial vehicles worldwide.

Shandong Linglong TyreLtd

Market Cap: CN¥21.0b

Designs, manufactures, develops, and sells tires in the People’s Republic of China.

Johnson Electric Holdings

Market Cap: HK$22.5b

An investment holding company, manufactures and sells motion systems the Americas, the Asia-Pacific, Europe, the Middle East, Africa, and the People’s Republic of China.

Valeo

Market Cap: €2.4b

A technology company, designs, produces, and sells products and systems for the automotive markets in France, other European countries, Africa, North America, South America, and Asia.

Qingdao Sentury Tire

Market Cap: CN¥18.9b

Engages in the development, production, and sale of tires primarily in China.

IKD

Market Cap: CN¥17.3b

Researches, develops, produces, and sells automotive aluminum alloy precision die castings parts in the United States, Europe, and Asia.

OPmobility

Market Cap: €2.0b

Designs and produces intelligent exterior systems, customized complex modules, lighting systems, energy storage systems, and electrification solutions for all mobility players in Europe, North America, China, rest of Asia, South America, the Middle East, and Africa.

SL

Market Cap: ₩2.9t

Manufactures and sells automotive parts in South Korea, North America, China, India, Europe, South America, and internationally.

Gestamp Automoción

Market Cap: €1.7b

Designs, develops, and manufactures metal components for the automotive industry in Western Europe, Eastern Europe, Mercosur, North America, and Asia.

Shenzhen VMAX New Energy

Market Cap: CN¥11.9b

Engages in the research, development, production, and sale and technical services of new energy vehicle power products in China and internationally.

Hankook

Market Cap: ₩2.6t

Manufactures and sells smart energy solutions.

Kunshan Huguang Auto HarnessLtd

Market Cap: CN¥11.7b

Engages in the research and development, production, and sales of wiring harnesses for passenger vehicles in China.

JK Tyre & Industries

Market Cap: ₹120.3b

Develops, manufactures, markets and distributes automotive tyres, tubes, flaps, and retreads in India, Mexico, and Internationally.

Kumho Tire

Market Cap: ₩1.8t

Engages in the manufacture and sale of tires in South Korea, Europe, North America, Central and South America, Asia, and internationally.

Zhejiang Qianjiang Motorcycle

Market Cap: CN¥7.9b

Researches and develops, manufactures, sells, and services motorcycles and accessories in China and internationally.

Tianneng Power International

Market Cap: HK$7.7b

An investment holding company, engages in the research, development, manufacture, and sale of power batteries for electric vehicle market in the People’s Republic of China and internationally.

SAF-Holland

Market Cap: €736.3m

Manufactures and sells chassis-related assemblies and components for trailers, trucks, semi-trailers, and buses.

Dometic Group

Market Cap: SEK 7.8b

Provides mobile living solutions for food and beverage, climate, power and control, and other applications in the United States, Germany, Australia, Italy, France, the United Kingdom, Japan, Canada, the Netherlands, Sweden, and internationally.